Jet.AI Q1 revenue falls, sees flyExclusive merger close in Q2

Jet.Ai

15/05/2026 13:43

Overview

AI cloud services provider's Q1 revenue fell yr/yr

Company approved $5 mln share repurchase, during the quarter, and ended Q1 with $13.5 mln cash, no debt

Proposed merger with flyExclusive advances, with shareholder vote set for June 11

Outlook

Jet.AI expects to close its merger with flyExclusive in Q2 2026

Result Drivers

DATA CENTER MILESTONES - Co cited completion of major milestones at Midwestern and Maritime data center campuses through its joint venture, including securing natural gas supply and environmental permits for the Manitoba campus

STRATEGIC INVESTMENTS - Co highlighted acquisition of $5 mln economic interest in SpaceX and ongoing engagement with AI Infrastructure Acquisition Corp.

Company press release: ID:nGNX57NG7G

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.68 mln
$1.70 mln (1 Analyst)
Q1 EPS
-$6.68


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Jet.AI Inc is $80.00, about 1,069.6% above its May 14 closing price of $6.84

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)